Let’s not sugar-coat things: being a freelancer isn’t easy. You don’t get any benefits, your taxes can be a nightmare, and it’s really hard to get paid a living wage for your work. Freelancers constantly deal with clients or agencies that want something for nothing, provide next to no support, and barely give them any credit at the end of the day. Most freelance writers don’t even get bylines, which can make it difficult for them to find better opportunities. After all, who’s going to believe that you wrote something when your client or editor has slapped their own name on it?
Blockchain technology can’t prevent certain employers from taking advantage of their hardworking freelancers, but it can help those freelancers gain more agency over their work. Here’s how:
Blockchain Offers Remote Autonomous Consensus
Blockchain was originally used to protect the details of cryptocurrency transactions. It did so by copying the record of transactions for a given token each time that token was used to make a purchase, then distributing the copies across numerous independent devices. Doing so made it impossible to falsify records for the token in question, since they could always be verified by multiple copies stored in anonymous locations. This ability to provide remote autonomous consensus is at the heart of several forward-thinking freelancing platforms, which apply the same concept to user profiles instead of tokens.
Copying Profile Details Instead of Transaction Data
Most freelancers have to create unique profiles on several different platforms in order to find a steady stream of clients. As such, the amount of maintenance they have to do on top of dealing with the clients themselves can make the entire endeavor feel less than cost-effective. However, services like Moonlighting use blockchain technology to let their users create a single profile and distribute copies of that data to multiple platforms—the same way that technology was originally used to copy records and store them on different devices in a global network.
Think of it this way: a freelancer editing their profile would have basically the same effect as a new crypto transaction being logged—it would update the blockchain. As such, freelancers could cut down on the amount of time they spent maintaining separate profiles, and manage their entire workflow from a single centralized point. It would also allow them to build more trust with their clients, since their profile data would have much more integrity. Any information created and verified with blockchain technology is extremely secure, after all—and freelancer profiles would be no exception.
The blockchain revolution is touching many industries—it may already be used to accelerate transactions, increase workplace security, verify records, contracts, and other documents used widely by large companies. Why not help struggling independent contractors reap the benefits as well? It’s time to learn more about blockchain technology and how it might stand to improve your business… whether you’re a sole proprietor or a CEO.